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CARES Act Economic Impact Payments

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The IRS has begun distributing Economic Impact Payments as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. Most people do not need to do anything. Below is some important information about the Economic Impact Payments; however, for the latest and most up-to-date information, please visit

Mobile IRS Direct Deposit

No need to call us to check your balance! Our call center is currently experiencing longer-than-average wait times, but you can easily set up a notification in digital banking to alert you when you receive a direct deposit. You can also check the status of your payment at


In addition, you can log in to digital banking to see if your direct deposit payment is pending or has posted to your account. Pending payments will show the date that the payment will be posted to your account (see example at right). View an example of what a pending IRS payment looks like in Online Banking. Please note, the posting date is set by the US Treasury and CCU is unable to release stimulus payments before that date.


The IRS has also begun mailing checks. If you are receiving a check in the mail rather than direct deposit, consider depositing your check through digital banking for the fastest service, as our drive-thrus and any open branch lobbies are also experiencing higher volumes. If you do need to visit a drive-thru, please view these tips and tricks first to make your trip as efficient as possible.



Who qualifies for a payment and how much will they receive?

  • Individuals earning under $75,000 would receive $1,200.
  • Couples earning under $150,000 would receive $2,400.
  • People who claim Head of Household on their taxes and earn under $112,500 would receive $1,200.
  • Families with children would receive $500 per child under 17 years old.
  • Payment for people who make more than the limits above decreases by $5 per every $100 earned after that, zeroing out at $99,000 for individuals, $136,500 for Head of Household, and $198,000 for married couples.

How is my payment amount determined?

  • The IRS will use your adjusted gross income from either your 2019 or 2018 taxpayer forms, whichever is most recent, to determine payment amount.
  • If you haven’t filed 2018 or 2019 taxes but are required to file, you can still receive a payment. Visit for more information.

How will I receive my payment?

  • Most people will not need to do anything, the IRS will use the information they have on file. You can check the status of your payment at
  • The IRS has a portal on their website at for those who need to update or provide direct deposit information. You will need your most recent tax return, direct deposit information and CCU's Routing & Transit number to direct the deposit to your CCU account. Please note, you must provide your direct deposit information by noon on Wednesday, May 13, 2020. 
  • If the IRS does not have your direct deposit information and you do not provide it by noon on May 13, 2020, those eligible will receive a paper check in the mail at the last address the IRS has on file.
  • Those receiving Social Security retirement benefits, Social Security Disability Insurance benefits, or Railroad Retirement and Survivor Benefits will automatically receive their payment in their checking or savings account that the IRS already has on file.
  • Low-income taxpayers, some veterans, and those who generally don’t file or aren't required to file, should visit to enter your information.

Watch for scams

  • The IRS will not call, text, email, or contact you on social media asking for personal or bank account information.
  • You cannot receive your payment any earlier by paying a fee.
  • Be wary of emails with attachments or links claiming to have special information about Economic Impact Payments or refunds.
  • Visit the Federal Trade Commission's website for more information on scams surrounding COVID-19.

After you receive your payment

Here are some tips adapted from the National Credit Union Foundation to help maintain your financial health during these difficult times.


  • Prioritize: Focus on the bills that keep a roof over your head, the lights on and food on the table. Check with your local jurisdiction as many utilities and communications providers are working with consumers to waive fees, keep the power on and your Internet connection working.
  • Talk: With us and any other lenders you may have. Many are offering low or 0 percent small dollar loans, skip-a-pay, loan modifications and other sources of help so you can use your payment for what you need now. Visit our Stronger Together web page to see what we're doing to help.
  • Save some of it: If you set aside even $100-200, that can provide a cushion for bills that are coming in a couple of weeks. America Saves has some resources and information to help with access to food and unemployment benefits. Don't keep a lot of cash on hand -- it's safest in your credit union account.
  • Protect: There are lots of bad guys out there trying to use this crisis to get at your stimulus check and your money. Watch out for suspicious emails, texts or phone calls. 
  • Pay your taxes: The deadline for filing and paying income taxes has been extended to July 15, 2020. If you haven’t saved to pay your income taxes, you may want to consider using your economic impact payment.